Thursday, December 11, 2014

Microsoft Now Allowing Bitcoin As Currency


Microsoft is now accepting payments in Bitcoin for content from its online stores.

According to Microsoft, users can add the cryptocurrency to their accounts, which can then in turn by used to buy games, apps, music, and videos from the Xbox Games, Xbox Music, Xbox Video, Windows, and Windows Phone stores

"The use of digital currencies such as bitcoin, while not yet mainstream, is growing beyond the early enthusiasts," says Microsoft VP of Universal Store Eric Lockard in the official announcement. "We expect this growth to continue and allowing people to use bitcoin to purchase our products and services now allows us to be at the front edge of that trend."

Coindesk says that Microsoft partnered with Bitcoin processor BitPay to make the new payments possible.

Bitcoin payment is currently only available to US customers, and cannot yet be used to buy services or physical products such as Microsoft Lumia phones. There's also a $1000 USD cap on how much users can add to their account on any given day, and users paying with Bitcoin are ineligible for refunds.

Microsoft isn't the only one going crazy for Bitcoin - in November, a Dutch man had two NFC chips implanted into his hands to store his Bitcoin information.

Source IGN

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